The Association of British Insurers has warned that Government proposals to reform the calculation of the Retail Prices Index (RPI) could cost pension savers £122bn if plans go ahead to implement the changes from 2025.

The Pensions and Lifetime Savings Association - the trade body that represents 1,300 pension schemes with 20m members - has joined the chorus of concern about the Government’s potential axing of the Retail Prices Index (RPI), the measure used to decide many annual pension increases.

The Serious Fraud Office has charged three men, including ex-IFA David Kennedy, with multiple offences following a long-running investigation into the collapse of the £120m Axiom Legal Financing Fund.

Global financial provider and investment manager JP Morgan is mulling the launch of a UK challenger bank early next year, according to reports over the weekend.

Just over half of staff working at financial advice firms believe remote working is becoming a permanent way of doing business, according to a new survey.

Wrap platform Nucleus has opened its doors to electronic signatures for new business and client instructions to support remote working by advisers.

The Financial Conduct Authority is probing more than 150 Coronavirus-related scams, according to a Freedom of Information request.

Former pensions minister Steve Webb has warned that pension schemes and providers could face a multi-million pound extra compliance bill if individual retirement income forecast are included in Pension Dashboards.

More than 250 Financial Planners and wealth managers have backed a campaign group called Financial Planners United set up to help smaller firms fight soaring regulatory costs.

Nearly half of financial advisers have reported losing a female client after their partner has died.